Noone said that it would be wise to let them buy raytheon - smartboy.
It's just that they might consider dropping a worthless swimmingpool full of green printed fish wrap into the south chineese sea or just swamp some commodity markets with it, spoiling every price. (ooops, that's what they do allready)
because that's what dollars are if you cannot buy anything meaningful with them - go ahead make some proposal what they could do with their 1 trillion bucks !
The moment they stop buying fish wraps, they cannot export to you anymore - so they will stop the moment when they have alternatives.
So - aslong as there aren't any better consumers then you guys - you are safe. But if your subprime business does implode which it does as we type here - this might affect your consume happyness.
It is just not important that they would be in the shit some deaper than you - get your head around this - it's not about winning.
Like you just said, they can buy commodities with dollars. You can buy commodities with your Euros. Isn't freedom great?
The moment they stop buying fish wraps, they cannot export to you anymore
Yes. Is that supposed to be some profound observation on your part?
So - aslong as there aren't any better consumers then you guys - you are safe.
We were in danger? How do you figure?
It is just not important that they would be in the shit some deaper than you
How are you confusing our situation (+3% GDP growth and 4.5% unemployment) with being in deep shit?